4112 128th St W APT 605, Cortez, FL, 34215 | $200/mo Cash Flow

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4112 128th St W APT 605, Cortez, FL, 34215 | $200/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Cortez at 4112 128th St W APT 605, Cortez, FL, 34215 listed at $675,000 pairs $4,680/mo rent with a $3,304/mo payment to leave $200/mo cash flow. Total monthly income runs $4,680/mo, and annual cash flow reaches $2,404/yr on $222,075 cash to close. Return on cash invested measures 21.14% in year one, and rental yield registers 8.32% at a $675,000 basis. Equity gained on principal adds $4,356/yr, and annual property appreciation at 5% supports $186,490 by year five. Five-year ROI tracks 110.02% and total cumulative return in cash totals $244,335. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,680/mo property income relative to a $3,304/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2000

N/A lot

$N/A/sqft

No HOA

More details about the property

Experience the ultimate coastal boating lifestyle without the upkeep. Welcome to Smugglers Landing, a premier waterfront community offering a deeded boat slip and wide, deep-water canals ideal for sailboats or large yachts, with quick and easy access to Anna Maria Sound and the Gulf of America. The elevated buildings provide peace of mind during storm season and include two assigned under-building parking spaces, along with an oversized storage room perfect for a workshop or hobby space. A convenient elevator brings you to this top-floor end unit, where you are greeted by an expansive screened-in front lanai your first glimpse of the light-filled, airy interior. Inside, tall vaulted ceilings and abundant natural light create an open and inviting atmosphere. The spacious kitchen offers ample cabinetry, generous counter space, and a long breakfast bar that seamlessly connects to the living and dining areas. Entertaining is effortless with a full wet bar and beautiful water views as your backdrop. The primary suite features custom built-ins, a large layout, and private access to the rear lanai. The en-suite bath includes thoughtful touches such as under-cabinet lighting. Your guests will appreciate the roomy guest bedroom with direct access to the second full bathroom, ensuring privacy and comfort. A sizable den/office adds versatility and features a large slider to the front lanai plus a pass-through window to the kitchen, ideal for work, hobbies, or additional entertaining space. Both the front and rear lanais are perfect for dining alfresco, enjoying coastal breezes, or relaxing with serene water views. Smugglers Landing offers exceptional amenities, including two heated pools, a spa, clubhouse, tennis and pickleball courts, a fitness center, and elevator access. Nestled in the historic fishing village of Cortez, youre moments from fresh seafood markets, local restaurants, shops, and the world-class beaches of Anna Maria Island. Smugglers Landing is truly a premier boating community and this beautifully located top-floor end unit is ready for its next owner.

Neighborhood Data

Neighborhood data shown for ZIP Code: 34215, Cortez, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	643 (100%)
Owner Occupied HU	322 (50.1%)
Renter Occupied HU	91 (14.2%)
Vacant Housing Units	230 (35.8%)
Median Home Value	$632,212
Average Home Value	$647,182